tds from remuneration to partners
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2010
Whether TDS is to be deducted from remuneration or salary or commission given to partners?
IF yes, under which section?
IF yes, under which section?
26 September 2010
TDS not applicable on Partners remunarations
Message likes :
1 times
26 September 2010
As per Section 28(v) of the Income Tax Act, salary paid to a partner of partnership firm is only business income in the hands of the partner and therefore no TDS would be made on the same.
Message likes :
2 times
13 October 2010
Hi
Please also check the following link:
https://www.caclubindia.com/forum/salary-to-partner-58856.asp
Regards
Please also check the following link:
https://www.caclubindia.com/forum/salary-to-partner-58856.asp
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- Applicability of GST on deduction for cancellation of Pension policy
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
